Microprose, MPRS Message Board

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Technology Stocks : Microprose, MPRS

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To: Coy Lynn Gullett who wrote (286)	3/2/1998 6:20:00 PM
From: John	of 633

I owned a stock that was trading at $1 buck a share - (Satchi & Satchi), it declared a 10 for 1 reverse spilt, and quickly dropped to $7 bucks a share after the split. At $1 it had reached a floor, but trading at $10 people felt like selling again. (However, the company sucked and the original brothers that owned the company left and formed a competing company and took most of the old companies clients with them - so maybe we can't really compare them to MPRS). I can't say I am happy about my 28,000 shares being turned into either 7000 or 5600 shares. It seems to me MPRS had a better chance of going from 2 back to 5 than it does of going from either 8 to 20, or 10 to 25. Its very different from a psychological standpoint. Two bucks a share seems to be a fairly firm bottom right now. The real question is - Will 8 or 10 be a firm bottom if MPRS continues to lose money after the split. If they report a big loss this summer this could end up being a disaster. And, if they offer more shares at that point to raise money, we are really in trouble. Also, you have to wonder what the developers at MPRS will think having their options reduced from 900,000 to 225,500 in number. John

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